I really can't think of a more exciting time to live here in Las Vegas. Everyday there seems to be a new announcement, a new project, a new opportunity for our city. And it's not just about the economy and tourism. There is a newfound sense of community and pride in our town, something locals really longed for. We are creating a legacy for the next generations to come, and I am so thankful to be apart of it. Everyday I get to help so many people build their dreams here. 2020 is shaping up to be an exciting year, and I wanted to share my thoughts on what's to come.
Over the past few years Las Vegas has seen economic development like we haven't seen in decades, this has lead to a steady & stable housing market. Last year Las Vegas home prices stabilized and hit almost pre-recession values, even with inflation factored in. It took us a solid decade, but with the investment in our cities' infrastructure and careful strategy, we made Vegas one of the strongest economies in the country, not to mention one of the world's premier destinations.
Many years ago, we purposely diversified outside of tourism and gambling and it's paying off. With our appealing tax rates, business incentives, low commute times, affordable utilities and relatively low cost of living, companies and residents all over the country and moving here. From July 17 to July 18 over 50,000 Californians made up the 127,000 people that moved into Nevada.
The entire city is a buzz with anticipation. With the building of billions of dollars of new resorts
, millions of new square footage of convention center space and new manufacturing facilities, the future couldn't be brighter for our city. We managed to attract some of the largest tech companies in the world, Google, Amazon, and Switch to name just a few. And probably the biggest impact we will see immediately is the Raiders relocating to Las Vegas officially in July of this year!
Just one look at the 2 billion dollar stadium going up you can't help but be in complete awe. Not only has it physically changed Las Vegas, it has already sparked massive growth in Las Vegas and Henderson. (Related Forbes Article: What's New in in Las Vegas The Best of 2020)